PCAOB
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PCAOB Staff Say Audit Committee Chairs Are Increasingly Seeking Insights From Their Auditors on AI's Potential Impacts on Financial Reporting
In a Spotlight of April 2026 on its conversations with more than 250 audit committee chairs, the PCAOB's staff report that chairs expressed concerns about "staff preparedness to detect fraud that might be facilitated with the use of artificial intelligence (AI)," and that several asked how AI implementation by audit firms would affect fees.
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Regulators and standard setters Audit and assurance
Staff Guidance or Standard Setting: AI in the PCAOB's Request for Comment on Standard Setting, June 2026
On June 23, 2026, the Public Company Accounting Oversight Board asked for public comment on its standard-setting and research agendas and its approach to standard setting. On AI, it reported "no consensus" among earlier commenters on whether the matters should be addressed through staff guidance or standard setting, and asked whether there are "specific areas of the PCAOB's current standards" that are not "fit for purpose in an AI environment."
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Evidence and documentation Testing the data and the tools
Analyzing Information in Electronic Form: The SEC's Approval of the PCAOB's Amendments on Technology-Assisted Analysis, August 2024
On August 20, 2024, the Securities and Exchange Commission approved amendments to the PCAOB's auditing standards on audit procedures that involve "analyzing information in electronic form with technology-based tools." They "will be effective for audits of financial statements for fiscal years beginning on or after December 15, 2025."
